California § 33645 - The agency may authorize bonds by resolution. The resolution, trust indenture, or
Full text of California Public Contract Code - PCC § 33645 — The agency may authorize bonds by resolution. The resolution, trust indenture, or, with citation guidance and answers to common questions.
§ 33645. The agency may authorize bonds by resolution. The resolution, trust indenture, or
The agency may authorize bonds by resolution. The resolution, trust indenture, or mortgage may provide for: (a) The issuance of the bonds in one or more series. (b) The date the bonds shall bear. (c) The maturity dates of the bonds. (d) The rate or maximum rate of interest on the indebtedness, which shall not exceed the maximum rate permitted by Section 53531 of the Government Code, and need not be recited if the rate does not exceed 4 1 2 percent. The interest may be fixed or variable and may be simple or compound. The interest shall be payable at the time or times determined by the agency. (e) The denomination of the bonds. (f) Their form, either coupon or registered. (g) The conversion or registration privileges carried by the bonds. (h) The rank or priority of the bonds. (i) The manner of their execution. (j) The medium of payment. (k) The place of payment. ( l ) The terms of redemption with or without premium to which the bonds are subject. (m) The maximum amount of bonded indebtedness in compliance with, and not to exceed, the limit specified in the redevelopment plan as required in Section 33334.1. The resolution, trust indenture, or mortgage shall provide that tax-increment funds allocated to an agency pursuant to Section 33670 shall not be payable to a trustee on account of any issued bonds when sufficient funds have been placed with the trustee to redeem all outstanding bonds of the issue.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 33645
What does Public Contract Code - PCC § 33645 cover?
Section 33645 ("The agency may authorize bonds by resolution. The resolution, trust indenture, or") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 33645?
A common citation format is "Public Contract Code - PCC § 33645" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 33645 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.